The Time Which Elapses Between the Beginning of a Recession

question 179

Multiple Choice

The time which elapses between the beginning of a recession or an inflationary episode and the identification of the macroeconomic problem is referred to as a(n) :

• A)budget lag.
• B)recognition lag.
• C)operational lag.
• D)administrative lag.

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Definitions:

Event A

Refers to a specific occurrence or outcome in a statistical experiment or observational study.

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Discrete Random Variable

A type of random variable that can take on only a finite or countably infinite number of distinct values.

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